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A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA)
Vong, A. P. I. & Trigueiros, D. (2017). Evidence on the effect of Claw-Back provisions on IPO share allocation and underpricing in Hong Kong. Applied Economics. 49 (51), 5231-5244
Exportar Referência (IEEE)
A. P. Vong and D. M. Trigueiros,  "Evidence on the effect of Claw-Back provisions on IPO share allocation and underpricing in Hong Kong", in Applied Economics, vol. 49, no. 51, pp. 5231-5244, 2017
Exportar BibTeX
@article{vong2017_1775859551072,
	author = "Vong, A. P. I. and Trigueiros, D.",
	title = "Evidence on the effect of Claw-Back provisions on IPO share allocation and underpricing in Hong Kong",
	journal = "Applied Economics",
	year = "2017",
	volume = "49",
	number = "51",
	doi = "10.1080/00036846.2017.1302067",
	pages = "5231-5244",
	url = "http://www.tandfonline.com/doi/full/10.1080/00036846.2017.1302067"
}
Exportar RIS
TY  - JOUR
TI  - Evidence on the effect of Claw-Back provisions on IPO share allocation and underpricing in Hong Kong
T2  - Applied Economics
VL  - 49
IS  - 51
AU  - Vong, A. P. I.
AU  - Trigueiros, D.
PY  - 2017
SP  - 5231-5244
SN  - 0003-6846
DO  - 10.1080/00036846.2017.1302067
UR  - http://www.tandfonline.com/doi/full/10.1080/00036846.2017.1302067
AB  - The article examines share allocation practices of over 300 initial public offerings (IPOs) in Hong Kong during the years immediately following the enacting of a ‘Claw-Back’ provision for IPO share reallocation. The examination of exhaustive micro-level data reveals that small (uninformed, retail) investors earn higher initial returns than large investors. Before the enacting of the ‘Claw-Back’ provision, small investors were unfavourably treated in relation to large investors. The pattern now prevailing in the proportion of shares allocated to small and large investors also differs from that observed previously. When attempting to isolate the determinants of IPO underpricing in Hong Kong, the article also shows that both the ‘informed demand’ hypothesis and the signalling effect of underwriters’ reputation are significant determinants of underpricing. Such result, not visible when pooled OLS regressions are used, becomes apparent through the use of a system of simultaneous equations.
ER  -